The economic development of Latin America depended heavily on

Question

Quizplus · Accepted Answer

The economic development of Latin America heavily depended on foreign capital, especially in the form of loans from developed countries and international organizations. This allowed for the financing of infrastructure projects and industrialization, but also created a dependency on external economic forces and contributed to the region's debt crisis in the 1980s. State subsidies and domestic manufacturing played a role, but were not as significant as foreign capital in promoting economic development. Stock appreciation was also not a primary factor.

The Economic Development of Latin America Depended Heavily on